Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
Minimum payment for credit cards explained. You must pay at least the Minimum Payment by each Payment Due Date shown on your monthly statement to remain in good standing. The minimum payment required is $10 plus interest and any fees (plus any past due amount or any amount that exceeds your credit limit) for all cards.